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Hey Nerds: Blockchain

Bond auction went very well; bonds ripped, so stonks lost a little footing. Got stopped out of AAPL but still holding profitable puts in QQQ and SPY. Looking for a little more dip.
 
MSO poppage on that news. That's almost bad for trul who are the only company in Florida expanding while others struggle to survive. They've been stealing market share every week. This would help the smaller players more than the big guns imo. But good overall for the industry.
 
Preston said:
MSO poppage on that news. That's almost bad for trul who are the only company in Florida expanding while others struggle to survive. They've been stealing market share every week. This would help the smaller players more than the big guns imo. But good overall for the industry.
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Maybe....but think of all the institutional investors who have been reluctant to put money (because legal) into the sector. I think they will find TRUL quite a nice play
 
Yeah stock-wise it's a slam dunk. If/when they uplist that's the ticket for these names to blast the fuck off. Operationally it helps the smaller players a bit more I think but it's a bit ridiculous that these companies basically have to keep their cash under a mattress. CURA, for example will be pulling in close to a billion this year. The US is nutso archaic.
 
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Preston said:
Could see a rug pull if the Senate says **** off to the new bill.
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For sure. But, big picture, there's a lot of heat from the state level to sort out all this MJ anarchy. States are going broke due to COVID. Cannabis is low hanging fruit to get more money. Same with the banks, they need to replace all the small biz clients they are losing.

COVID19 is accelerating a lot of trends -- WFH, Cashless, Streaming. Add legal pot to that menu.
 
CH1 said:
For sure. But, big picture, there's a lot of heat from the state level to sort out all this MJ anarchy. States are going broke due to COVID. Cannabis is low hanging fruit to get more money. Same with the banks, they need to replace all the small biz clients they are losing.

COVID19 is accelerating a lot of trends -- WFH, Cashless, Streaming. Add legal pot to that menu.
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I agree but I will never underestimate the Republicans level of petty. But you are absolutely right. It is obviously beneficial for fucking everyone.
 
Between the SAFE hype and MSO earnings, this is the perfect storm to capitalize on some real gains here. Really glad my hunch was right last week. After this I'll hold my core in TRUL and GTII but I plan on taking a lot off after this run. I'm smelling good things ahead.
 
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lots of nice dips today....that's what happens when everyone and their grandma is buying calls
 
got rid of some puts, but holding some for a potential retest of overnight lows
 
Preston said:
Can confirm that this happened.
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just open your restaurant already. COVID accelerated the Cloud Kitchen concept. Basically virtual restaurants with 2-3 menu items posted on Uber eats. DO IT!!
 
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